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InPlay Oil Corp T.IPO

Alternate Symbol(s):  IPOOF

InPlay Oil Corp. is a Canada-based junior oil and gas exploration and production company with operations in Alberta focused on light oil production. It operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential, and undeveloped lands with exploration possibilities. It is engaged in the acquisition, exploration and development of petroleum and natural gas properties, and the production and sale of crude oil, natural gas and natural gas liquids. Its operations are focused on its concentrated light oil asset base located in West Central Alberta. Its primary target is the Cardium Formation within the Pembina and Willesden Green pools. Its Cardium assets are located in West Central Alberta focused on the Pembina and Willesden Green pools. Its Belly River light oil property is located on the east side of the Pembina Cardium Pool. It holds rights on an evolving Duvernay light oil play that offers potential material upside to the Company.


TSX:IPO - Post by User

Post by Hendrick3on Jul 06, 2021 8:40am
166 Views
Post# 33498034

Operational Update

Operational UpdateThe new wells drilled are performing far and above expectations. This means very positive reserve report adjustments at the end of the year as well. They will be updating the financial forecast on August 11 which will include more current pricing which is $14 higher per barrel. At the old pricing FCF was around 25 cents per share this year. It was I'll be significantly higher with the higher production and significantly better pricing. Looks like the break out continues. Should be at $2 by the time 2q results are released. 
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